AUDJPY Forex Analysis - Retest & Failure At 95.00 Level?

Overview:

Watch the video for a summary of this week’s news releases and a complete top down analysis of the AUDJPY.

AUDJPY Weekly:

Weekly support at 91.41 and 90.51, resistance at 95.73.

Weekly chart is in consolidation. Price has rallied back to the 95.73 weekly resistance level. Will price decline back down to test the 91.41 - 90.51 weekly support area?

AUDJPY Daily:

Daily support at 92.86, resistance at 95.43.

Daily chart is in consolidation. Price has rallied back to 95.00 the 79% fib retracement level of the daily range.

A break of yesterday’s low would confirm a lower top and the start of the next decline.

Short term target 92.86 daily support. Long term target 91.41 - 90.51 weekly support area.

This content may have been written by a third party. ACY makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or other information supplied by any third-party. This content is information only, and does not constitute financial, investment or other advice on which you can rely.